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The Australian Regenerative Medicine Institute (ARMI), part of Monash University, announced the partnership that will explore new ways to promote research initiatives between the two organisation. The initiatives will focus on regeneration and the development of new therapies to improve human health.

The partnership will also see the facilitation of an international exchange program between Monash University and the University of Maine. The agreement is one of a number of recent medical partnerships between the Melbourne biomedical industry and international medical research institutions and organisations, and will open up new opportunities for an exchange of knowledge between Australia and the United States.

“I am delighted to announce ARMI and the MDI will be working together. The two institutes share a common mission and drive to put discoveries to work as new therapies,” said Professor Peter Currie, Deputy Director of ARMI.

ARMI opened in 2009 as a joint venture between Monash University and the Victorian Government. The $153 million centre was established to build on the University's existing strengths in biomedical research.

The MDI Biological Laboratory is an independent, nonprofit biomedical research institution founded in Maine in 1898.The partnership demonstrates the strong collaborative capacity of the health and biomedical industries in Melbourne.

Victoria is home to 13 major independent medical research institutes, 10 teaching hospitals, nine universities and a range of clinical trial operators and contract research organisations.